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Inventors create new products for people to use and are held with high esteem because their work mademany people’s lives better.

Because of the value of their inventions, many inventors made more money than they could imagine. However, there are some inventors who were not lucky enough because of different reasons.One is how they manage their financial resources. Although they may be geniuses in their own field, some are “financial illiterates.”

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For over fifty years, the Laguna Lake has been the source of livelihood for Euphemio Bibat, 76, and a fisherman who raised his five children from the lake’s resources. Those long years of dedication to the lake, however, was not enough to inspire any of his offspring to take after his footsteps.

“Mahirap, nakita nila siwasyon ko. Pero ito ay biyaya. Hindi sila sumalang sa gutom,” Mang Euphemio explains why none of his children took after him.

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Do you know that there are a number of government programs and services which can help you either start your own food business or help your existing food business grow?

If you’re still undecided as to what food business you’d like to get into, the food technologies of the Department of Science and Technology’s Food and Nutrition Research Institute (DOST-FNRI) can help you come up with healthy food products, such as vegetable noodles, crunchy healthy snacks, high fiber fruit juices, fortified food, healthy street food (squash fish balls and squash maja), ethnic food like instant pinakbet or laing, and many other possible food products.

For a list of food technologies, you may visit their website and the list of food technologies: http://www.fnri.dost.gov.ph/images/sources/List_FT.pdf